The Irrelevant Investor writes:

Stocks got washed out in the third quarter. Whether you were looking at prices or people’s reactions to said prices, it was hard to find anything positive to say other than things are so bad they’re actually good.

That might sound silly, but it’s not. It’s the truth. The riskier stocks feel, the less risky they get over time. And I cannot emphasize “over time” enough. Because sometimes stocks fall a lot and then they crash. But full-blown ...

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